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Market Chatter: Zhongji Innolight Close to Regulatory Nod for Hong Kong Listing

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Zhongji Innolight (SHE:300308) is set to get a green light for a Hong Kong listing from China Securities Regulatory Commission, Bloomberg reported citing people familiar with the matter.

If approved, Innolight may request a hearing with the Hong Kong Stock Exchange as early as this week, the people said, while asking to not to be identified.

The optical communications module and device maker is looking to raise $7 billion from the listing, with details yet to be finalized, Bloomberg said, citing the people.

Zhongji Innolight did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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